Seq Summer Crk Dr And Sycamore School Rd Fort Worth, TX 76123
- Specialty properties
- 14,629 SF
- 1.58 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 0 Seq Summer Crk Dr And Sycamore School Rd
- Year built
- 2024
- Lot size
- 1.58 lot acres
- Property size
- 14,629 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional investment opportunity presents a brand-new, 14,629-square-foot Lightbridge Academy in Fort Worth, Texas. Located on a 1.58-acre lot at the intersection of Summer Creek Drive and Sycamore School Road (zip code 76123), this property boasts a 20-year triple-net (NNN) lease with a corporate guarantee from New Jule Holdings, ensuring minimal landlord responsibilities. The lease commenced upon closing, with an annual rent of $458,586 and built-in 2.00% annual increases. The property, completed in 2024, offers a compelling 7.00% cap rate and 100% occupancy. The lease includes four five-year renewal options, extending the potential lease term to 40 years. This is a turnkey investment in a growing sector, with Lightbridge Academy having over 150 locations across 10 states and operating for over 27 years. All necessary municipal approvals for the early education facility are in place. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The property is currently 100% occupied.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4075
- Latitude
- 32.6319
